FSA change in control approvals

There are many bases to cover during merger and acquisition proceedings but understanding the regulatory requirements is one factor that cannot afford to be misunderstood or ignored. In this article David Heard, insurance partner at law firm Reed Smith Rambaud Charot LLP, explains the FSA’s streamlined change in control approvals.

This article outlines some of the more interesting features of the Financial Services Authority’s (FSA) change in control procedures (previously known as Form A procedures). In particular, the focus is on changes in control of insurance entities (both insurers and intermediaries) where detailed FSA requirements apply.